Info Edge India Ltd invests in Zippserv
Info Edge India Ltd has invested through its wholly-owned subsidiary about Rs.3 Cr. in Idea clicks Infolabs Private Limited (“Zippserv”).
Zippserv is an online platform which provides data-driven real estate intelligence to enable smart property purchase. The company’s two flagship products are ‘Clean Properties’ and ‘Price Point’. Clean Properties provides instant access to land titles, conversion records, building approvals, liens and litigations for lOOOs of ongoing apartment projects. Price Point’s analytics engine tracks lakhs of recently registered sale transactions and gives granular actionable insights for buyers at a project level so that buyers get a leg up in negotiations.
As part of company’s strategic investments, the acquisition would help the Company to consolidate its presence into a new line of business within the Internet Services Industry.